Alphabet Replaces Verizon in Dow Jones Industrial Index on June 29

According to S&P Dow Jones Indices announced on Tuesday, Alphabet (GOOGL-US) will replace Verizon Communications (VZ-US) as a component of the Dow Jones Industrial Index, effective June 29. Alphabet's market capitalization of approximately $4.22 trillion far exceeds Verizon's $195.12 billion. This marks the index's first adjustment since November 2024 and reflects the benchmark's broader pivot toward artificial intelligence and digital economy sectors.
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